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firm calls sure bets. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, january 10th. i'm angela miles. in today's first look: snap back: after two sessions of selling, stocks rallied wednesday on the heels of better-than-expected earnings from monsanto and alcoa. investors are liking facebook. the stock surged above $30 wednesday on word the company will reveal a mystery product next tuesday. that's the highest its been since july, but still below the $38 ipo price. and, labor secretary hilda solis is resigning from her position with the obama administation. stocks made a comeback. jared levy of zacks.com joins us now with some comments on that. what do you think? is this the beginning of something bigger out there jared? > > you know angie, the past couple of days have really been more sideways than anything. markets are trying to figure out where they go from here, and the answer lies in earnings. we are going to talk about a couple of them in just a second, but i think, coming out of q3, q4 expectations have come do
company with real products, customers, and solid management. ackman bet one billion dollars against herbalife's stock, and called for the ftc to shut it down. herbalife shares were down 70% at $39 thursday. the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because t
, you bet you can. the biggest threat, i think, to rising gasoline prices for next year is the government for heaven's sake! these guys are talking about raising the national gas taxes. it seems like here in washington they have never met a tax that they don't like. they are the first ones to complain when gasoline prices are going up, but they take more tax revenue from are gases, and now they want even more. so, you bet it can. it can go either way. and i will tell you another thing: if it seems like we are just going to raise taxes through the stratosphere, it is going to actually at some point maybe bring gasoline prices down, because if you tax too much, i think it could push us into a recession, and that would lower gasoline demand and bring prices down. but that's not the way you want to see gasoline prices go. we will keep our eyes on those lawmakers and that gas tax. thanks for being on the show today. that is phil flynn, fox business news contributor and price futures group trader. just ahead, how traders are hoping to profit on this year's consumer electronic
to stop $6 billion in losses from risky derivatives bets last year. dimon will reportedly take home $11.5 million in compensation from 2012, down sharply from the $23 million he earned in 2011. dimon says he "respected" the board's decision. goldman sachs and morgan stanley are the latest firms sending homeowners checks for wrongful foreclosure activity. in total, both firms will pay $557 million to over 200,000 borrowers. federal regulators have forced other banks, including bank of america, jp morgan and citigroup, to pay similar fines. the fed says banks rushed the foreclosure process during the financial crisis. shares of hewlett packard shot up 4% on a report a buyer is interested in its "autonomy" division. autonomy is the software company hp picked up in 2011 for $11 billion. later, hp revealed that executives with autonomy allegedly fudged accounting numbers. autonomy execs deny the allegations. hewlett-packard won't say if the buyout offers are true. the federal trade commission will uphold a decision that popular juice maker pom used deceptive ads. pom wonderful advertises its
's berkshire hathaway performed better than the rest of the market, mostly by betting on banks. the oracle of omaha is known for his stock picking stragtegies. for 2012, buffett's berkshire class-a shares gained 17%, while the s&p 500 index advanced 13%. among the top performers in the buffett portfolio, wells fargo, american express and... there was also that $5-billion wager on bank of america. buffett bought shares of b.a.c. at $7.14 in august of 2011. the stock now trades around $12 and jumped more than 100% last year. it's likely intel's new tv service will not be ready in time for this month's consumer electronics show. the chip- maker is creating a new video cable & streaming service that offers individual channels and even individual shows on an a la carte basis to subscribers, rather than the usual bundle of channels. the wall street journal reports that negotiations with content providers have delayed the launch of intel tv until later this year. tvs with supersized screens are heading to households. lg electronics is taking pre-orders for "ultra" tvs. the 55-inch set uses organi
pushed to take big bets. that's later. but first, the shocking truth over the web of lies about flame retardents. why it's more toxic than you think. bill moller joins us next, after this "in the know" message. last spring the chicago tribune broke an explosive story about toxic flame retards used in furniture & the deceptive campaign to create demand for these chemicals. the reporting brought on all kinds of federal and state scrutiny. now the industry has come forward with a scientific report which has already been cited in congressional hearings. in a follow-up investigation, the tribune has found this study too is highly flawed. reporter sam roe wrote the story for the paper. first sam, in a nutshell, what did the paper find as to these flame retardants? > > the flame retardants don't work as advertised. they're in furniture throughout america and virtually every home, which would be great if they slowed fires, but what we found is that the data doesn't support that. they are not really effective, yet they pose health risks: they get out, they migrate, they get into us, they get i
to give us that kind of information. thank you. that's tim biggam of trading block. > > you bet. thanks angie. we are running out of time for today. be sure and come back tomorrow for a preview of the films movie studios will roll out this winter. find out which ones are worth your money. from all of us at first business, thank you for watching.
on that is 45. just for a halfway retracement from 2007 highs to these recent lows. > > we'll get a bet on that one, too. > round three: wing ding: chicken wing prices will be the highest ever for the superbowl this year as corn feed costs soar. what's ahead for grain futures in 2013? > > i am the chicken expert here. it takes 2 lbs. of grain to make 1 lb. of chicken, so that is the reason you have got these prices up 30% from last year. so it will be interesting to see what the weather brings us for next year. that is the one thing that you can't predict and you don't know what is going to happen. > > weather will be important, but you also look at u.s. farmers. they are going to plant 99 million acres of corn. that will be the highest level since the 1930's. there is going to be way too much supply on corn. i think the ags are going lower. > > rain makes grain. without moisture we get no grain. and right now we have no snow cover on the ground here in chicago. 55 degrees in- > > i want to do one more trade: i want to short chicken wings and buy chicken ribs. > i love it. let's take a
Search Results 0 to 7 of about 8